FTAI Infrastructure Full Year 2023 Earnings: Misses Expectations

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FTAI Infrastructure (NASDAQ:FIP) Full Year 2023 Results

Key Financial Results

  • Revenue: US$320.5m (up 22% from FY 2022).

  • Net loss: US$183.7m (loss widened by 3.7% from FY 2022).

  • US$1.79 loss per share (further deteriorated from US$1.73 loss in FY 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

FTAI Infrastructure Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 6.0%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Transportation industry in the US.

Performance of the American Transportation industry.

The company's shares are up 12% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for FTAI Infrastructure (2 can't be ignored!) that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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